$250,000
SOLD APR 28, 2025

332 E 9th St Newport, KY 41071

3 Beds
2 Baths
1,545 Sq Ft
958 Sq Ft Lot

Recently Sold

$162 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • Wood Frame Window
  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System

About This Home

As of April 2025

28 E 9th - East Row District Duplex This unique two-unit property is located in the historic East Row District and has recent updates updated. Both units feature separate utilities (electric, heat, water) with the owner only responsible for the sewer bill. Each unit has an independent entrance, eliminating the need for maintenance of areas. Unit 2 spans two stories and includes a balcony and central AC, making it ideal for an owner-occupant. Well-maintained and professionally managed, this property offers a gross income of $28K and a net income of $22K with a strong 8.5CAP rate at the asking price. The seller prefers to sell this building in conjunction with 330-332 E 9th.

Last Agent to Sell the Property

Adam Sanregret

Keller Williams Advisors License #211784 Listed on: 03/06/2025

Keller Williams Advisors

Co-Listed By

Holly Tumbleson

Keller Williams Advisors License #222030

Last Buyer's Agent

Patrick Henschen

Huff Realty - Ft. Mitchell License #274534

Huff Realty - Ft. Mitchell

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1887

Lot Details

  • 958 Sq Ft Lot
  • Lot Dimensions are 70 x 30

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,545 Sq Ft Home
  • 3-Story Property
  • Non-Functioning Fireplace
  • Vinyl Clad Windows
  • Wood Frame Window
  • Partial Basement

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Npt Primary Intermed Elementary School
  • Newport Intermediate
  • Newport High School

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat, water
  • Assessor Parcel Number 999-99-05-038.00

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,095
  • Maintenance Expense $1,273
  • Water Sewer Expense $54
  • New Taxes Expense $3,096
  • Gross Income $28,140
  • Net Operating Income $22,143

Property Details

Home Type

Multi-Family

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Cooling: Central Air, Window Unit(s)
  • Property Sub Type: Multi Family
  • Lot Size Acres: 0.02
  • Year Built: 1887
  • Lot Size: 70 x 30
  • Co List Office Mls Id: o656005257
  • Co List Office Phone: 513-766-9200
  • Ownership: LLC
  • Directions: 471 N to Memorial Parkway, West Monroe, North on 9th
  • New Construction: No
  • Structure Type: Quadruplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Npt Primary Intermed
  • Location Tax Legal Info:Middle or Junior School: Newport Intermediate
  • Location Tax Legal Info:High School: Newport High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: 70 x 30
  • General Property Description:Approx SqFt2: 1545.0
  • Remarks Misc:Agent Only Remarks: Tenants currently have access to laundry facilities at 330-332 E 9th. showing only Sat 11-6, Mon-Fri 10-6, none on Sundays
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Gas Company: Duke
  • Water Company: SD1
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.022
  • General Property Description:Living Area: 1545.0
  • General Property Description:Lot Size Square Feet: 958.0
  • Location Tax Legal Info:Tax ID: 999-99-05-038.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 1
  • Foundation:Stone3: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 2
  • Levels:Three Or More2: Yes
  • Structure Type:Quadruplex: Yes
  • Financial Info:Maintenance Expense: 1273.0
  • Financial Info Net Operating Income: 22142.69
  • Financial Info:New Taxes Expense: 3096.42
  • Financial Info:Water Sewer Expense: 54.17
  • Special Features: None

Interior Features

  • Basement: Partial
  • Heating: Natural Gas, Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Heat, Water
  • Number Of Buildings: 1
  • Appliances: Gas Range, Gas Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Inoperable
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1545.0
  • Window Features: Vinyl Frames, Wood Frames
  • Appliances:Gas Range: Yes
  • Fireplace Features:Inoperable: Yes
  • Appliances:Gas Oven: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Aluminum Siding, Brick
  • Foundation Details: Stone
  • Construction Materials:Brick2: Yes
  • Window Features:Vinyl Frames: Yes
  • Window Features:Wood Frames: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking Features:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 54.17

Schools

  • Elementary School: Npt Primary Intermed
  • Junior High Dist: Newport Indep
  • High School: Newport High
  • Middle Or Junior School: Newport Intermediate

Lot Info

  • Lot Size Sq Ft: 958.0

Multi Family

  • Gross Income: 28140.0
  • Net Operating Income: 22142.69
  • Number Of Units Total: 2
  • Insurance Expense: 1095.0
  • Maintenance Expense: 1273.0

Tax Info

  • New Taxes Expense: 3096.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2025
Closed on
Apr 28, 2025
Sold by
Bp Sullivan Properties Llc
Bought by
Houchen-Wilder Jairus
Seller's Agent
Adam Sanregret
Keller Williams Advisors
Buyer's Agent
Patrick Henschen
Huff Realty - Ft. Mitchell
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Views
33
Current Estimated Value
$252,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,755
Avg. Annual Appreciation
3.48%
Original Mortgage
$224,200
Outstanding Balance
$222,804
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$33,249

Purchase Details

Closed on
Aug 2, 2019
Sold by
Reid Chris and Reid Carrie Ann
Bought by
Sullivan Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 9, 2008
Sold by
Reid Christopher and Reid Carrie A
Bought by
Reid Christopher and Reid Carrie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2007
Sold by
Stith Linda
Bought by
Reid Christopher

Purchase Details

Closed on
Mar 7, 2007
Sold by
Stith Linda
Bought by
Stith Linda
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $250,000 None Listed On Document
Deed $250,000 None Listed On Document
Warranty Deed $140,000 None Available
Interfamily Deed Transfer -- None Available
Deed $9,000 Northern Kentucky Title Inc
Interfamily Deed Transfer -- Northern Kentucky Title Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,200 New Conventional
Closed $224,200 New Conventional
Previous Owner $332,000 Future Advance Clause Open End Mortgage
Previous Owner $49,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2025 04/28/25 Sold $250,000 +0.4% $162 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
03/13/2025 03/13/25 Price Changed $249,000 -9.5% $161 / Sq Ft
03/06/2025 03/06/25 For Sale $275,000 -- $178 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $539 $140,000 $10,000 $130,000
2024 $539 $140,000 $10,000 $130,000
2023 $553 $140,000 $10,000 $130,000
2022 $836 $140,000 $10,000 $130,000
2021 $852 $140,000 $10,000 $130,000
2020 $864 $140,000 $10,000 $130,000
2019 $542 $62,300 $6,000 $56,300
2018 $538 $62,300 $6,000 $56,300
2017 $539 $62,300 $6,000 $56,300
2016 $436 $62,300 $0 $0
2015 $418 $56,900 $0 $0
2014 $413 $56,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 630463

Northern Kentucky Multiple Listing Service

APN: 999-99-05-038.00